Failed companies expected to win the Corporate Darwin Award
Note: Some answers have been edited for length and / or clarity.
“Whoever was in charge of putting the Yellow Pages online.”
Circuit City has made a decision to stop selling home appliances. No matter how bad the economy is, people will always buy refrigerators, washers, vacuum cleaners, etc., but they will be waiting in front of televisions and video games. . “
“Borders ceasing to do business with Amazon.”
“Prodigy Online Service. They had a great bulletin board system, which was included in the monthly fee. They got greedy, and for no other reason than wanting to make more money, they started charging people for using the bulletin board, by message. “
“I officially name Schlitz Beer for the Corporate Darwin Hall of Fame. The number one beer in America by far in the late 1960s and early 1970s, when a head office genius decided to change the recipe to save money. money on ingredients. Sales have fallen off a cliff. “
“In the mid-90s, before Napster, I was working for BMG marketing this ’10 CDs for a dollar’ crap.
“We love rice here in the Philippines. There is a popular and relatively inexpensive Japanese restaurant that serves unlimited rice for every meal, and it was well known for it. “
“Excited not to buy Google for $ 750,000.”
“This year, POWDR, a group that ran Park City Mountain Resort, the nation’s third largest family ski resort, was taken over by competitor Vail and removed from their resort ownership. Why ? Because after 20 years of existence the largest lease in history (about $ 150,000 per year for a complex that brings in millions and millions of dollars), the end of the lease has elapsed and they forgot to renew it. Literally, that’s it. “
“I worked on the TV show Fear factor. I’m pretty sure giving two hot blondes ass to drink ass killed the show. “
Peanut Corporation of America found salmonella in their products. The owner covered it up and told them to ‘just ship it.’ Infected and killed dozens of people, the company went bankrupt almost immediately after it it was traced to them, and the owners were charged and prosecuted. “
“Milwaukee Road gave up half of its main line because it thought it was losing money despite heavy traffic. the system that made money. “
“RadioShack is doing it slowly. They used to be the place to go to get resistors, switches, and cards. Now the employees don’t know what a potentiometer is and they insist on selling me smart phones.”
“Digg. This irreversible system upgrade.”
“There’s a restaurant in Austin that’s pretty much famous for their really good chicken wings. At one point a few years ago wings were taken off the menu because they were ‘too popular’ and ‘slowing down. the kitchen. “It went on for about a month before someone realized it was a better idea to put the time and effort into improving the kitchen rather than killing their best-selling item.”
“Enron for paying ‘idea bonuses’ to their leaders before the ideas became profitable.” They paid a guy millions for inventing an online movie download service about 10 years before it was possible. Ironically, the documentary is available on Netflix. “
“K-Mart took on a whole bunch of debt to buy back its shares, in an attempt to raise the price of its shares. When the news came out, Walmart (which had virtually no debt at the time) decided that now would be a good time to start a price war K-Mart had to pay interest, while Walmart had little or no interest to pay.
“In 1995, Malden Mills burned down. At a time when manufacturers were relocating their operations overseas to cut costs, Feuerstein rebuilt the factory in the same location. And he continued to pay the salaries and benefits of all his employees during the reconstruction.
“It didn’t turn out badly, but the founder of FedEx had a potential Darwin Award in his hands. When the company didn’t have enough money to fuel the planes, he took the company’s remaining funds, went to Vegas, and bet it all on blackjack tables. Now it turns out that he has earned enough to keep the planes in the air, thus saving the business. It was practically a draw, however. “
“Atari spent something in the order of $ 100,000,000 in the 1980s to purchase the rights to make a HEY video game followed by only giving a guy about two months to design, program and test the game. It didn’t just come close to tanking Atari, but console gaming in general. “
“The founder of Osborne Computer made such a profound mistake that he not only killed the company, but generated a name for the effect that is famous in the computer industry. The moral of the story: don’t don’t tell consumers about your new, improved, cheaper model coming out very soon while you’re still trying to sell the existing model. Unless you want them to stop buying the existing model. “
“When the iPod was first launched, it was an Apple-only product. At the time, I was a sales manager at a computer chain store, and we had people practically begging for the iPod on a PC.
“Bean counters wanted to change Augustiner (Munich’s oldest brewery, a very traditional and fantastic beer) to switch from in-house malt to externally produced malt, as the malt building is located in a prime real estate location in the Munich city center. “
Sharper Image is suing Consumer Reports for making ‘defamatory’ allegations that their sonic air filter was fake. It turns out to be a fake. Court ordered product recall. Sharper Image is no longer . “
“In 2008, speculators were pushing the price of oil to unsustainable levels. Get into Semgroup, a pipeline company that moved oil and traded energy futures. In 2008, they decided to sell short oil.”
“When Nokia said, ‘Using Android is like peeing in your pants to warm up in winter’, in September 2010.”
“Kodak tells the creator of digital photography to fuck off.”
Segway. In June 2003, President Bush made headlines for falling off a Segway during a test drive. This event alone likely killed the future of the company. In September 2003, the company has recalled all units due to injuries sustained by customers when the battery died. “
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